MdxRimon

Bitcoin surged 6% to trade above $93,000 on Wednesday after US President Donald Trump stepped back from threats to remove Federal Reserve Chair Jerome Powell and signalled a possible easing of tariffs on Chinese imports.

Speaking from the Oval Office on Tuesday,.

He also suggested that the steep tariffs his administration imposed on China could be reduced, saying they "will come down substantially," although he added they "won't be zero."Bitcoin Breakout Follows Trump's Retreat from Fed Showdown

The remarks marked a sharp shift in tone from earlier this week, when Trump labelled Powell a "major loser" and hinted at firing him. The president has repeatedly criticized the Fed for not cutting interest rates fast enough, despite nominating Powell to lead the central bank in 2017.

. on Fed Chair Jerome Powell: "I have no intention of firing him. I would like to see him be a little more active in terms of his idea to lower interest rates ... but, no, I have no intention to fire him." - Rapid Response 47 (@RapidResponse47)

Markets responded swiftly. Bitcoin rose to $93,055, extending its gains to over 11% for the week. US stock futures also jumped, with the Dow, S&P 500 and Nasdaq futures climbing in after-hours trading.

Cryptocurrencies like Bitcoin tend to rally during times of perceived policy uncertainty or weakening confidence in traditional financial systems. Trump's recent attacks on the Fed, paired with signs of political interference, have likely fuelled demand for decentralised assets that operate outside of central bank control. Trump Retreats on Powell Threat After Market Jitters
#TRUMP #Powell

Here's what happened in crypto today
Today in crypto, Pakistan has tapped former Binance CEO Changpeng "CZ" Zhao as an adviser to its national crypto council; an Ethereum whale moved to deposit $14 million in ETH to prevent liquidation on a $340 million short position; and Bitcoin's hashrate has officially surpassed 1 zetahash per second, marking a major milestone for the network.

Pakistan appoints Changpeng Zhao as crypto adviser as adoption heats up

Former Binance CEO Changpeng "CZ" Zhao has been appointed as an adviser to Pakistan's Crypto Council, a newly formed regulatory body tasked with overseeing the country's embrace of blockchain technology and digital assets.

The appointment was confirmed by Pakistan's finance ministry and reported by Bloomberg on April 7. Zhao will advise the regulatory body on cryptocurrency regulation, infrastructure and adoption, Bloomberg reported.

In March, the CEO of Pakistan's Crypto Council, Bilal bin Saqib, told Bloomberg that the country plans to develop a clear regulatory framework for digital assets.

"Pakistan is done sitting on the sidelines," Saqib said. "We want to attract international investment because Pakistan is a low-cost high-growth market with [...] a

Web3 native workforce ready to build."

Ministry Or FIBabee

an

Whale makes $14 million Ether emergency deposit to avoid $340 million liquidation

An unidentified cryptocurrency whale injected millions of dollars in emergency capital to avoid a potential liquidation of more than $300 million in Ether as markets slumped amid renewed macroeconomic pressure.

The whale is reportedly close to liquidation on a 220,000 Ether (ETH) position on MakerDAO, a decentralized finance (DeFi) lending platform. To stave off liquidation, the investor deposited 10,000 ΕΤΗ worth more than $14.5 million and 3.54 million Dai (DAI) to raise the position's liquidation price, blockchain analytics firm Lookonchain said in an April 7 post on X.

"If $ETH drops to $1,119.3, the 220,000 $ETH ($340M) will be liquidated."

ETH-C Voult 31214

$1,119.30

Barkin Speaks 9:00pm (g+6) April 9
April 9-12th Show market down So friends alert in this month
#Binance

$BTC Market go down 74580 something

#BinanceAlphaAlert #TrumpTariffs
#BTC #bearishmomentum

buy 1762 bro...

You don't trust me, that's your failure.
#bitcoin #TrumpTariffs

$BTC is now bullish 😜
Japanese investment firm Metaplanet acquired another $12.6 million worth of bitcoin, continuing its bitcoin accumulation strategy.

Metaplanet announced Monday that it purchased an additional 150 BTC at about $83,801 per bitcoin. This brought its total holdings to 3350 BTC, acquired for about $278.8 million, according to Metaplanet CEO Simon Gerovich. Based on market prices, the firm's 3350 BTC is currently worth about $291.3 million.

The firm's move came after it appointed Eric Trump, Donald Trump's second son, to join its Strategic Board of Advisors on Friday. Gerovich said Eric Trump's "business expertise and passion for BTC" will help drive the company's mission to build "one of the world's leading Bitcoin Treasury Companies."

Metaplanet has been actively buying the world's largest cryptocurrency since it introduced its bitcoin adoption strategy in April 2024. The company aims to hold 10,000 BTC by the end of 2025 and 21,000 BTC by the end of 2026.

According to Bitcointreasuries.net, the Japanese firm is currently the 10th largest public corporate bitcoin holder in the world and the largest in Asia. Michael Saylor's Strategy remains at the top of the list with nearly 500,000 BTC.

Metaplanet's stock climbed 4.8% in Japan while it was still trading in the afternoon session at the time of writing. Google Finance data shows that its stock price has risen 38.7% since the beginning of this year.

Bitcoin is currently trading at $86,988, up 3.4% over the past 24 hours, according to The Block's price page.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

Buy Position 76770-83000
Sell Position 92260
Stop Loss 72450
#Binance #signaladvisor